ABBEVILLE SEABOARD CREDIT UNION

Address
603 E GREENWOOD STREET
ABBEVILLE, SC 29620
Contact
Website: http://www.abbevilleseaboardcu.com
Phone: +1 (864) 366-5615
Nonprofit
NTEE: W61 - Credit Unions
EIN: 23-7132301

Mission

STATE CHARTERED CREDIT UNION
 20102009
Basic features of the organization
Year of formation1971
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$36,779.00 
Sum of reportable (W2/1099) compensation$36,779.00 
Number of employees4 
Number of volunteers7 
Personnel
Ashley, Denise
TitleMANAGER 
Name of key/compensated personDENISE ASHLEY 
Position of compensated person
Current officerTrue 
Average hours per week working for org31.00 
Reportable compensation from org$36,779.00 
Other comp, non-reportable, from org and related orgs$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00 
Barber, Herby
TitleBOARD MEMBER 
Name of key/compensated personHERBY BARBER 
Position of compensated person
Average hours per week working for org000.00 
Reportable compensation from org$0.00 
Other comp, non-reportable, from org and related orgs$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00 
Campbell, Don
TitleSECRETARY 
Name of key/compensated personDON CAMPBELL 
Position of compensated person
Average hours per week working for org000.00 
Reportable compensation from org$0.00 
Other comp, non-reportable, from org and related orgs$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00 
Creswell, J
TitleTREASURER 
Name of key/compensated personJ B CRESWELL 
Position of compensated person
Average hours per week working for org000.00 
Reportable compensation from org$0.00 
Other comp, non-reportable, from org and related orgs$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00 
Davis, William
TitlePRESIDENT 
Name of key/compensated personWILLIAM DAVIS 
Position of compensated person
Average hours per week working for org000.00 
Reportable compensation from org$0.00 
Other comp, non-reportable, from org and related orgs$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00 
Graham, Roger
TitleV PRESIDENT 
Name of key/compensated personROGER GRAHAM 
Position of compensated person
Average hours per week working for org000.00 
Reportable compensation from org$0.00 
Other comp, non-reportable, from org and related orgs$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00 
Mundy, A
TitleBOARD MEMBER 
Name of key/compensated personA M MUNDY 
Position of compensated person
Average hours per week working for org000.00 
Reportable compensation from org$0.00 
Other comp, non-reportable, from org and related orgs$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00 
Sears, Wayne
TitleBOARD MEMBER 
Name of key/compensated personWAYNE SEARS 
Position of compensated person
Average hours per week working for org000.00 
Reportable compensation from org$0.00 
Other comp, non-reportable, from org and related orgs$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00 
Purpose: mission, activities, & accomplishments
Mission or significant activitiesSTATE CHARTERED CREDIT UNION 
Program service expenses, total$391,728.00 
Programs, including revenue & expenses
DURING THE YEAR, THE CREDIT UNION SERVED ITS' MEMBERS BY PROVIDING LOANS AT REASONABLE RATES. IT ALSO ACCEPTED DEPOSITS AND PAID REASONABLE RATES OF INTEREST ON THOSE DEPOSITS.
Program expenses$391,728.00 
Program descriptionDURING THE YEAR, THE CREDIT UNION SERVED ITS' MEMBERS BY PROVIDING LOANS AT REASONABLE RATES. IT ALSO ACCEPTED DEPOSITS AND PAID REASONABLE RATES OF INTEREST ON THOSE DEPOSITS. 
Financial data
Revenue
Total revenue$370,799.00 
Revenue from contributions (total)$0.00$0.00
Investment income, current yr$6,399.00 
Total revenue from grants, etc., current yr$0.00 
Total unrelated business revenue$0.00 
Other revenue, current yr$0.00 
Program service revenue (total)$364,400.00$334,642.00
Other types of revenue
Investment income$6,399.00 
Net rental income$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$404,073.00 
Total functional expenses: program service $391,728.00 
Total functional expenses: management and general$12,345.00 
Total functional expenses: fundraising$0.00 
Fees for services
Fundraising service fees (total)$0.00 
Assets and liabilities
Total assets$5,885,262.00$5,380,284.00
Total assets, beginning of year$5,380,284.00 
Total liabilities$4,962,698.00$4,424,446.00
Total liabilities, beginning of year$4,424,446.00 
Net assets$922,564.00 
Net assets, beginning of year$955,838.00 
Other liabilities$4,930,096.00 
Other assets$14,447.00 
Cash: non-interest bearing$176,935.00 
Cash: non-interest bearing, beginning of year$475,023.00 
Other financial variables
Revenue less expenses-$33,274.00 
Savings & temp cash investment$518,749.00 
Prepaid expenses & deferred charges$63,883.00 
Accounts payable & accrued expenses$32,602.00 
Total net assets or fund balances$922,564.00 
Depreciation, depletion, amortization$16,562.00 
Governance and accountability
Number of voting members7 
Number of independent voting members7 
Accrual accountingTrue 
Tax year start date2010-01-01 
Tax year end date2010-12-012009-12-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990 
IRS schema version2010v3.2 
Filing identifier201141339349302044 
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